Market Research Report

Global Full Service Carrier Market Research Report: Forecast (2024-2030)

Full Service Carrier Market - By Service Type (In-Flight Entertainment, Meals, Beverages, Comfort, Others), By Traveler Type (Business Travelers, Leisure Travelers, Frequent Flyers..., International Travelers), Others, By Aircraft Type (Fixed-Wing Aircraft, Rotary-Wing Aircraft), By Application (Domestic Aviation, International Aviation) and others Read more

  • Automotive
  • Aug 2024
  • 190
  • PDF, Excel, PPT

Market Definition

A full-service carrier is a specific type of airline that provides a wide range of services, including seating classes and seat selection, complimentary meals, beverages, travel options, in-flight entertainment, and checked baggage allowance. The travelers targeted by the full-service carrier are often of a broad spectrum, including, business travelers, leisure travelers, frequent flyers, and international travelers who emphasize convenience, comfort, and service quality.

Market Insights & Analysis: Global Full Service Carrier Market (2024-30)

The Global Full Service Carrier Market size was valued at around USD 290 billion in 2023 and is estimated to grow at a CAGR of around 5.2% during the forecast period, i.e., 2024-30. With extensive route networks covering international and domestic destinations, these airlines operate on a hub-and-spoke model and are often considered to be the most important contributor to the international air transport industry and tourism sector. In addition to this the rising demand for the services of air transport, the increasing numbers of air travelers, and the emergence of budget airlines are driving the growth of the Full-Service Carrier Market.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 5.2%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, Benelux, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Qatar, Rest of MEA
Key Companies Profiled American Airlines Group, Delta Air Lines, China Eastern Airlines, China Southern Airlines, United Airlines, Air China, All Nippon Airways, Lufthansa Group, British Airways, Turkish Airlines, Emirates, Etihad Airways, IAG International Airlines Group, Singapore Airlines
Market Value (2023) USD 290 Billion

 

The market is growing rapidly due to rapidly increasing demand for passenger air transport services, and also due to providing various amenities, that improve the comfort, convenience, and service quality for travelers. The expansion of the market is supposed to be uplifted primarily by the increasing number of passengers, the growing international trade, and emphasis on the tourism sector, in line with increasing global activities, and the revenue from travel and tourism. i.e., increasing the demand for full-service carriers.

Further, the changing lifestyle of individuals, increasing urbanization, growing facilities available in the airlines, increasing disposable income, and the presence of several airlines in the market, to provide more and more unique and complementary services, are factors that are driving the demand for full-service carriers in the market. Along with it, economies from all regions of the world are trying to increase their hold in this market. Countries like the US, Canada, Brazil, France, Argentina, Spain, South Africa, the UAE, China, India, and Australia are among the top countries from each region trying to boost their market size and dominance in the industry of full-service carriers. By providing unique and different complementary services during travel, increasing their operational networks on national and international routes, and targeting more and more types of passengers according to their needs, countries are expanding their significance.


Global Full Service Carrier Market Research Report: Forecast (2024-2030)

Having so many growing drivers there are some challenges that can be faced while working in this market, including high competition from different service & budget airlines, very high operational costs, and high fuel prices, and growing expectations regarding service and comfort from passengers. The expansion of low-cost carriers and consolidation of airlines is also being done to increase efficiency, also new technologies such as Artificial Intelligence (AI) and Machine learning (ML) are being used in the market to expand the size & volume of the sector.

Global Full Service Carrier Market Driver:

Improved Economic Conditions & Rising Disposable Income Driving Market Growth – The encouragement of individuals to have a good lifestyle, and choice of comfort over any other thing, in recent times is seen, due to better economic conditions driven by the rising disposable income of individuals. So, the rise in discretionary income is making individuals attracted to the comfort, convenience, and various amenities provided by the full-service carriers.  Along with it, the use of new technologies such as artificial intelligence and machine learning is also contributing to the expansion of this industry as it is providing better and more comfort services on the airlines, an extra source of entertainment and leisure driven which is liked by the individuals due to their increased high standards. The customized and unique services are being preferred by passengers for better travel and comfort.

Global Full Service Carrier Market Opportunity:

Increasing Technological Advancements Offering Lucrative Opportunities – Several economies in the world are working towards advancements in technology and trying to digitalize as many services as they can, as it will be easy for individuals to use the services which will also add to operational efficiency. Due to the various uses of artificial intelligence and machine learning in today’s world, the aviation industry is no exception for that. Leveraging the technological advancements in the design of aircraft, to create fuel-efficient technologies and services, and in their maintenance systems, operating costs can be reduced with these and that can offer more sustainable travel options to passengers. Also, the more customized use of technology in the reservation systems, can add to more seamless booking services, and can provide customer support services enabling personalized services and better communications between the passengers and support staff, this can enhance overall satisfaction during the whole journey from booking to travel with the airlines, and can potentially create new lucrative opportunities for the market players in the coming years.

Global Full Service Carrier Market Challenge:

Growing Competition from Low-Cost Carriers & Budget Airlines – Possible constraints that the full-service carrier industry may encounter include the increasingly growing competition from low-cost carriers, which provide competitive cost, point-to-point routes, simplified service models attracting price-sensitive travelers away from the service and fares charged by full-service carriers. Along with it Budget Airlines also contributed to the cut into the profit and revenue of full-service carriers, they provide very few amenities by offering lower prices. This cut-throat competition from low-cost carriers and budget airlines leads to pressure on profit margins and a war in fares, which may also lead to reducing their profitability to a very low and competing by offering fewer services.

Global Full Service Carrier Market (2024-30): Segmentation Analysis

The Global Full Service Carrier Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. Based on the analysis, the market has been further classified as:

Based on the Service Type:

  • In-Flight Entertainment
  • Meals
  • Beverages
  • Comfort
  • Others

In recent years, the largest share of the Global Full Service Carrier Market in the service type was taken up by the in-flight entertainment segment, and it is estimated that this trend will go on during the forecast period as well. This is mainly due to the increasing preference of travelers and the rising investments by market players to provide an advanced range of entertainment options.  The options for entertainment include TV shows, a varied selection of movies, interactive games, and seatback screens.

Further, the emphasis is on offering on-demand content, Wi-Fi connectivity, and sometimes live television, making the overall journey satisfying and enjoyable for the travelers. Also, flight entertainment is not only working as a means of entertainment but also as a platform for information, communication, and service delivery.

Based on the Application:

  • Domestic Aviation
  • International Aviation

In recent years, the biggest part of the Global Full Service Carrier Market in the application type was held by the domestic aviation segment, and it is estimated that this trend will go on in the coming years as well. This is mainly due to operating on shorter routes, connecting more cities, and attracting more consumers. The volume of the domestic aviation segment remains normally high compared to the international aviation segment. The higher operation of domestic aviation leads to a higher demand for full-service carriers, hence augmenting the size & share of this segment in the Full Service Carrier Industry.

Global Full Service Carrier Market (2024-30): Regional Projections

Geographically, the Global Full Service Carrier Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

From all of these, North America is expected to remain a leading market for full service carrier (fsc) during the forecast period. It features chiefly rapidly growing developments in the aviation industry, that operates on extensive international and domestic routes. The large and affluent income consumers are driving this market with their high disposable incomes and the financial stability of a significant ratio of North American travelers enables them to afford premium class services offered by the full-service airlines.

In addition, the well-established aviation industry and the growing number of extensive air network routes, further help in the expansion of this industry in the region. Furthermore, the increasing influx of tourism activities is playing a crucial role in boosting the market growth in the North America Full Service Carrier Market.

Global Full Service Carrier Industry Recent Development:

  • 2024: As part of its continuous effort to enhance wheelchair and mobility device handling throughout its network, American Airlines is the first American airline to provide an automatic tag for these devices. The tags were created internally by American's Technology team and are presently in use at airports that serve America and its regional partners.
  • 2024: To better connect with the community and enhance the overall travel experience for its customers with accessibility needs, British Airways hosted the inaugural meeting of its new Customer Access Advisory Panel.   

Gain a Competitive Edge with Our Global Full Service Carrier Market Report

  1. Global Full-Service Carrier Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. The Global Full Service Carrier Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Full Service Carrier Market is expected to grow at a compound annual growth rate (CAGR) of around 5.2% over the forecast period.

   A. The Full Service Carrier Market size was valued at around USD 290 billion in 2023.

   A. The improved economic conditions and rising disposable income are the prominent factors expected to drive the Full Service Carrier Market during 2024-30.

   A. American Airlines Group, Air China, All Nippon Airways, British Airways, United Airlines, Turkish Airlines, Delta Air Lines, Emirates, Etihad Airways, China Eastern Airlines, China Southern Airlines, Lufthansa Group, IAG International Airlines Group, Singapore Airlines, and others are the top companies in the Full Service Carrier Market.

   A. The domestic aviation segment held the largest share of the Full Service Carrier Market.

   A. North America would present growth prospects in the Full Service Carrier Market during 2024-30.

   A. The increasing technological advancements are the growth opportunities driving the Full Service Carrier Market.

   A. The growing competition from low-cost carriers & budget airlines are the possible restraints affecting the growth of the Full Service Carrier Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Full Service Carrier Market Trends & Developments
  5. Global Full Service Carrier Market Industry Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global Full Service Carrier Market Opportunities & Hotspots
  7. Global Full Service Carrier Market Value Chain Analysis
  8. Global Full Service Carrier Market Regulations and Policy
  9. Global Full Service Carrier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service Type
        1. In-Flight Entertainment- Market Size & Forecast 2019-2030, USD Million
        2. Meals- Market Size & Forecast 2019-2030, USD Million
        3. Beverages- Market Size & Forecast 2019-2030, USD Million
        4. Comfort- Market Size & Forecast 2019-2030, USD Million
        5. Others- Market Size & Forecast 2019-2030, USD Million
      2. By Traveler Type
        1. Business Travelers- Market Size & Forecast 2019-2030, USD Million
        2. Leisure Travelers- Market Size & Forecast 2019-2030, USD Million
        3. Frequent Flyers- Market Size & Forecast 2019-2030, USD Million
        4. International Travelers- Market Size & Forecast 2019-2030, USD Million
        5. Others- Market Size & Forecast 2019-2030, USD Million
      3. By Aircraft Type
        1. Fixed-Wing Aircraft- Market Size & Forecast 2019-2030, USD Million
        2. Rotary-Wing Aircraft- Market Size & Forecast 2019-2030, USD Million
      4. By Application
        1. Domestic Aviation- Market Size & Forecast 2019-2030, USD Million
        2. International Aviation- Market Size & Forecast 2019-2030, USD Million
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      6. By Company
        1. Market Share & Analysis
        2. Competition Characteristics
  10. North America Full Service Carrier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service Type- Market Size & Forecast 2019-2030, USD Million
      2. By Traveler Type- Market Size & Forecast 2019-2030, USD Million
      3. By Aircraft Type- Market Size & Forecast 2019-2030, USD Million
      4. By Application- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. Canada Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. Mexico Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  11. South America Full Service Carrier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service Type- Market Size & Forecast 2019-2030, USD Million
      2. By Traveler Type- Market Size & Forecast 2019-2030, USD Million
      3. By Aircraft Type- Market Size & Forecast 2019-2030, USD Million
      4. By Application- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3.  Brazil Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. Argentina Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  12. Europe Full Service Carrier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service Type- Market Size & Forecast 2019-2030, USD Million
      2. By Traveler Type- Market Size & Forecast 2019-2030, USD Million
      3. By Aircraft Type- Market Size & Forecast 2019-2030, USD Million
      4. By Application- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Benelux
        7. Rest of Europe
    3. Germany Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. The UK Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. France Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    6. Italy Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    7. Spain Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    8. Benelux Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  13. Middle East & Africa Full Service Carrier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service Type- Market Size & Forecast 2019-2030, USD Million
      2. By Traveler Type- Market Size & Forecast 2019-2030, USD Million
      3. By Aircraft Type- Market Size & Forecast 2019-2030, USD Million
      4. By Application- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. South Africa
        5. Rest of Middle East & Africa
    3. Saudi Arabia Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. UAE Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. Qatar Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    6. South Africa Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  14. Asia Pacific Full Service Carrier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Service Type- Market Size & Forecast 2019-2030, USD Million
      2. By Traveler Type- Market Size & Forecast 2019-2030, USD Million
      3. By Aircraft Type- Market Size & Forecast 2019-2030, USD Million
      4. By Application- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    4. Japan Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    5. India Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    6. South Korea Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
    7. Australia Full Service Carrier Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Service Type- Market Size & Forecast 2019-2030, USD Million
        2. By Application- Market Size & Forecast 2019-2030, USD Million
  15. Global Full Service Carrier Market Key Strategic Imperatives for Success & Growth
  16. Competitive Outlook
    1. Company Profiles 
      1. American Airlines Group
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Delta Air Lines
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. China Eastern Airlines
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. China Southern Airlines
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. United Airlines
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Air China
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. All Nippon Airways
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Lufthansa Group
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. British Airways
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Turkish Airlines
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Emirates
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Etihad Airways
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. IAG International Airlines Group
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Singapore Airlines
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Others
  17. Disclaimer


Full Service Carrier Market Segmentation